Ramaco Resources, Inc. (METCB) Balance Sheet
METCB balance sheet, 2025
December 31, 2025 · U.S. dollars$1.14B assets = $657.0M liabilities + $483.6M equity
Both columns are drawn to the same scale: what METCB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
METCB financial health
Descriptive bands, not a rating. Fiscal 2025.
METCB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $119.2M2016 | $1.14B2025 | +28.5%/yr | |
| Total liabilities | $35.4M2016 | $657.0M2025 | +38.3%/yr | |
| Shareholders’ equity | $83.8M2016 | $483.6M2025 | +21.5%/yr | |
| Cash & short-term investments | $60.4M2016 | $440.3M2025 | +24.7%/yr | |
| Total debt | $11.1M2016 | $468.9M2025 | +51.5%/yr | |
| Net cash (debt) | $49.3M2016 | −$28.5M2025 | −$77.8M | |
| Working capital | $47.9M2016 | $488.1M2025 | +$440.2M | |
| Book value per share | $2.142016 | $9.722025 | +18.3%/yr | |
| Current ratio | 4.122016 | 5.462025 | +1.34 | |
| Debt / equity | 0.132016 | 0.972025 | +0.84 | |
| Shares outstanding | 39.1M2016 | 49.8M2025 | +2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
METCB assets
METCB liabilities and equity
METCB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
METCB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $440.3M | $33.0M | $42.0M | $35.6M | $21.9M | $5.3M | $5.5M | $7.0M | $11.1M | $60.4M |
| Cash & equivalents | $440.3M | $33.0M | $42.0M | $35.6M | $21.9M | $5.3M | $5.5M | $7.0M | $5.9M | $5.2M |
| Short-term investments | — | — | $800,000 | — | — | — | — | — | $5.2M | $55.2M |
| Receivables | $54.4M | $73.6M | $96.9M | $41.2M | $44.5M | $20.3M | $19.3M | $10.7M | $7.2M | $914,741 |
| Inventory | $87.2M | $43.4M | $37.2M | $45.0M | $15.8M | $11.9M | $15.3M | $14.2M | $10.1M | $1.5M |
| Other current assets | $15.8M | $17.7M | $13.7M | $25.7M | $4.6M | $5.0M | $4.3M | $3.2M | $1.1M | $388,921 |
| Total current assets | $597.6M | $167.6M | $189.7M | $147.5M | $86.8M | $42.5M | $44.3M | $35.0M | $29.5M | $63.3M |
| Property, plant & equipment (net) | $527.7M | $495.8M | $469.9M | $443.4M | $236.2M | $180.6M | $178.2M | $149.2M | $115.5M | $46.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.3M | $11.3M | $6.2M | $5.4M | $6.0M | $5.5M | $4.3M | $4.0M | $3.2M | $9.5M |
| Total assets | $1.14B | $674.7M | $665.8M | $596.3M | $329.0M | $228.6M | $226.8M | $188.2M | $148.1M | $119.2M |
| Liabilities | ||||||||||
| Accounts payable | $41.6M | $48.9M | $51.6M | $34.8M | $15.3M | $11.7M | $10.7M | $16.4M | $19.5M | $9.0M |
| Short-term debt | $7.3M | $6.9M | $62.1M | $81.7M | $11.2M | $5.0M | $3.4M | $5.0M | — | $500,000 |
| Deferred revenue | — | — | $52.3M | $41.8M | $19.9M | $11.6M | $11.8M | — | — | — |
| Total current liabilities | $109.5M | $122.4M | $170.0M | $162.8M | $46.7M | $29.1M | $26.4M | $29.8M | $22.4M | $15.4M |
| Long-term debt | $451.4M | $88.2M | $33.6M | $51.6M | $35.7M | $12.6M | $9.6M | $0 | $0 | $0 |
| Lease obligations | $17.5M | $13.7M | $10.4M | $10.9M | $8.1M | $0 | — | — | — | — |
| Other long-term liabilities | $96.1M | $101.3M | $92.6M | $72.7M | $35.6M | $17.8M | $20.7M | $17.3M | $12.3M | $20.1M |
| Total liabilities | $657.0M | $311.9M | $296.2M | $287.1M | $118.0M | $59.5M | $56.7M | $47.1M | $34.7M | $35.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $551,000 | $533,000 | $528,000 | $442,000 | $441,000 | $427,000 | $410,000 | $401,000 | $395,594 | $18.3M |
| Retained earnings (deficit) | −$311,000 | $69.5M | $91.9M | $140.0M | $47.1M | $9.8M | $14.7M | −$10.2M | −$35.3M | −$18.3M |
| Accumulated other comprehensive income | — | $0 | $0 | $0 | $0 | $0 | $0 | — | −$35.3M | — |
| Total shareholders' equity | $483.6M | $362.8M | $369.6M | $309.2M | $211.1M | $169.1M | $170.1M | $141.1M | $113.4M | $83.8M |
| Key figures | ||||||||||
| Total debt | $468.9M | $103.7M | $101.1M | $138.8M | $51.5M | $17.6M | $13.1M | $9.5M | — | $11.1M |
| Net cash (debt) | −$28.5M | −$70.7M | −$59.2M | −$103.2M | −$29.6M | −$12.3M | −$7.6M | −$2.5M | — | $49.3M |
| Working capital | $488.1M | $45.2M | $19.8M | −$15.4M | $40.1M | $13.4M | $17.9M | $5.2M | $7.0M | $47.9M |
| Tangible book value | $483.6M | $362.8M | $369.6M | $309.2M | $211.1M | $169.1M | $170.1M | $141.1M | $113.4M | $83.8M |
| Book value per share | $9.72 | $8.13 | $8.26 | $6.92 | $4.77 | $3.98 | $4.16 | $3.50 | $3.02 | $2.14 |
| Shares outstanding | 49.8M | 44.6M | 44.8M | 44.7M | 44.3M | 42.5M | 40.8M | 40.3M | 37.6M | 39.1M |
| Current ratio | 5.46 | 1.37 | 1.12 | 0.91 | 1.86 | 1.46 | 1.68 | 1.17 | 1.31 | 4.12 |
| Quick ratio | 4.52 | 0.87 | 0.82 | 0.47 | 1.42 | 0.88 | 0.94 | 0.59 | 0.82 | 3.99 |
| Debt / equity | 0.97 | 0.29 | 0.27 | 0.45 | 0.24 | 0.10 | 0.08 | 0.07 | — | 0.13 |
| Equity / assets | 42.4% | 53.8% | 55.5% | 51.8% | 64.1% | 74.0% | 75.0% | 75.0% | 76.6% | 70.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $282.5M | $355.2M | $440.3M | $193.8M | $28.9M | $44.3M | $33.0M | $23.7M | $28.4M | $31.3M | $42.0M | $43.8M |
| Cash & equivalents | $282.5M | $355.2M | $440.3M | $193.8M | $28.9M | $44.3M | $33.0M | $23.7M | $28.4M | $31.3M | $42.0M | $43.8M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $800,000 | — |
| Receivables | $60.7M | $66.3M | $54.4M | $43.6M | $55.9M | $52.1M | $73.6M | $62.9M | $69.6M | $103.5M | $96.9M | $63.6M |
| Inventory | $100.4M | $105.5M | $87.2M | $81.6M | $59.3M | $56.1M | $43.4M | $53.1M | $52.4M | $41.3M | $37.2M | $50.2M |
| Other current assets | $17.0M | $15.6M | $15.8M | $9.7M | $10.7M | $11.5M | $17.7M | $7.1M | $10.3M | $6.5M | $13.7M | $11.5M |
| Total current assets | $460.6M | $542.7M | $597.6M | $328.7M | $154.9M | $164.0M | $167.6M | $146.7M | $160.6M | $182.6M | $189.7M | $169.2M |
| Property, plant & equipment (net) | $546.9M | $532.1M | $527.7M | $509.0M | $507.0M | $507.6M | $495.8M | $488.8M | $488.8M | $483.4M | $469.9M | $469.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $17.1M | $16.8M | $15.3M | $11.9M | $12.7M | $14.2M | $11.3M | $10.0M | $9.8M | $8.0M | $6.2M | $7.6M |
| Total assets | $1.02B | $1.09B | $1.14B | $849.7M | $674.6M | $685.7M | $674.7M | $645.4M | $659.2M | $674.0M | $665.8M | $646.7M |
| Liabilities | ||||||||||||
| Accounts payable | $50.0M | $57.0M | $41.6M | $41.7M | $56.3M | $59.5M | $48.9M | $53.8M | $47.9M | $59.7M | $51.6M | $51.6M |
| Short-term debt | $7.4M | $7.6M | $7.3M | $9.1M | $8.2M | $7.3M | $6.9M | $12.7M | $21.5M | $45.3M | $62.1M | $50.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $49.8M | $52.3M | — |
| Total current liabilities | $108.8M | $111.2M | $109.5M | $110.6M | $113.8M | $124.4M | $122.4M | $108.8M | $120.8M | $148.5M | $170.0M | $142.5M |
| Long-term debt | $452.8M | $452.1M | $451.4M | $116.3M | $113.6M | $104.4M | $88.2M | $76.8M | $75.7M | $58.2M | $33.6M | $67.3M |
| Lease obligations | $15.6M | $16.8M | $17.5M | $19.9M | $20.5M | $20.5M | $13.7M | $12.8M | $14.7M | $17.1M | $10.4M | $12.1M |
| Other long-term liabilities | $87.0M | $91.3M | $96.1M | $95.9M | $99.8M | $101.8M | $101.3M | $98.0M | $96.6M | $95.1M | $92.6M | $84.3M |
| Total liabilities | $648.6M | $654.6M | $657.0M | $322.7M | $327.2M | $330.5M | $311.9M | $283.6M | $293.1M | $301.7M | $296.2M | $294.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $568,000 | $568,000 | $551,000 | $549,000 | $547,000 | $547,000 | $533,000 | $525,000 | $524,000 | $531,000 | $528,000 | $527,000 |
| Retained earnings (deficit) | −$34.0M | −$18.6M | −$311,000 | $17.1M | $32.6M | $48.4M | $69.5M | $80.2M | $88.9M | $91.8M | $91.9M | $76.1M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | — | — | — | $0 | — |
| Total shareholders' equity | $376.1M | $437.0M | $483.6M | $526.9M | $347.4M | $355.2M | $362.8M | $361.8M | $366.1M | $372.3M | $369.6M | $352.6M |
| Key figures | ||||||||||||
| Total debt | $468.4M | $468.8M | $468.9M | $136.4M | $134.1M | $124.9M | $103.7M | $96.1M | $104.7M | $112.0M | $101.1M | $123.7M |
| Net cash (debt) | −$185.9M | −$113.6M | −$28.5M | $57.5M | −$105.2M | −$80.6M | −$70.7M | −$72.5M | −$76.3M | −$80.7M | −$59.2M | −$79.9M |
| Working capital | $351.8M | $431.5M | $488.1M | $218.2M | $41.1M | $39.6M | $45.2M | $37.9M | $39.9M | $34.1M | $19.8M | $26.7M |
| Tangible book value | $376.1M | $437.0M | $483.6M | $526.9M | $347.4M | $355.2M | $362.8M | $361.8M | $366.1M | $372.3M | $369.6M | $352.6M |
| Book value per share | — | $8.78 | $9.72 | $10.59 | $6.98 | $7.14 | $6.80 | $6.95 | $6.91 | $7.26 | $7.00 | $6.84 |
| Shares outstanding | — | 49.8M | 49.8M | 49.8M | 49.8M | 49.8M | 53.4M | 52.1M | 53.0M | 51.3M | 52.8M | 51.6M |
| Current ratio | 4.23 | 4.88 | 5.46 | 2.97 | 1.36 | 1.32 | 1.37 | 1.35 | 1.33 | 1.23 | 1.12 | 1.19 |
| Quick ratio | 3.15 | 3.79 | 4.52 | 2.15 | 0.75 | 0.78 | 0.87 | 0.80 | 0.81 | 0.91 | 0.82 | 0.75 |
| Debt / equity | 1.25 | 1.07 | 0.97 | 0.26 | 0.39 | 0.35 | 0.29 | 0.27 | 0.29 | 0.30 | 0.27 | 0.35 |
| Equity / assets | 36.7% | 40.0% | 42.4% | 62.0% | 51.5% | 51.8% | 53.8% | 56.1% | 55.5% | 55.2% | 55.5% | 54.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
METCB financial position
At the end of fiscal 2025 (December 31, 2025), Ramaco Resources had total assets of $1.1 billion (up 69.1% from a year earlier), total liabilities of $657.0 million and shareholders' equity of $483.6 million. It held $440.3 million in cash and short-term investments against $468.9 million of debt, net debt of $28.5 million. Its current ratio was 5.46. In the latest quarter (ended June 30, 2026) total assets were $1.0 billion and equity $376.1 million.
Related: METCB income statement, METCB cash flow statement, METCB key metrics. See the METCB stock overview for the latest quote and news.
METCB balance sheet FAQ
What are Ramaco Resources's total assets?
Ramaco Resources reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $674.7 million a year earlier.
How much debt does Ramaco Resources have?
Ramaco Resources had $468.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.97.
How much cash does Ramaco Resources have?
Ramaco Resources held $440.3 million in cash and short-term investments at the end of fiscal 2025; with $468.9 million of debt that is net debt of $28.5 million.
What is Ramaco Resources's book value?
Ramaco Resources's shareholders' equity (book value) was $483.6 million at the end of fiscal 2025, or $9.72 per share.
What is Ramaco Resources's current ratio?
Ramaco Resources had current assets of $597.6 million and current liabilities of $109.5 million, a current ratio of 5.46 (it can cover its short-term obligations).